Mahindra Finance up 6%, hits 52-week high on healthy disbursements in Nov

The company recorded a disbursement of approximately Rs 4,500 crore in November 2022, delivering a 75 per cent YoY growth, on the backdrop of positive macro environment.

Shares of Mahindra & Mahindra Financial Services (Mahindra Finance) hit a 52-week high at Rs 243.60, on surging 6.4 per cent in Monday’s intra-day trade in an otherwise weak market after the company announced it recorded a disbursement of approximately Rs 4,500 crore in November 2022, delivering a 75 per cent year on year (YoY) growth, on the backdrop of positive macro environment.

The stock of Mahindra Group non-banking finance company (NBFC) surpassed its previous high of Rs 235, touched on September 15, 2022. At 10:53 am, the stock traded 6 per cent higher at Rs 242, as compared